This company has been acquired
Progressive Care Management
Management criteria checks 0/4
Progressive Care's CEO is Charles Fernandez, appointed in Nov 2022, has a tenure of 1.92 years. total yearly compensation is $1.66M, comprised of 5.3% salary and 94.7% bonuses, including company stock and options. directly owns 7.52% of the company’s shares, worth $1.01M. The average tenure of the management team and the board of directors is 1.8 years and 2.1 years respectively.
Key information
Charles Fernandez
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 5.3% |
| CEO tenure | 1.9yrs |
| CEO ownership | 7.5% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$20m |
| Mar 31 2024 | n/a | n/a | -US$15m |
| Dec 31 2023 | US$2m | US$88k | -US$15m |
| Sep 30 2023 | n/a | n/a | -US$841k |
| Jun 30 2023 | n/a | n/a | -US$9m |
| Mar 31 2023 | n/a | n/a | -US$5m |
| Dec 31 2022 | US$452k | n/a | -US$6m |
Compensation vs Market: Charles's total compensation ($USD1.66M) is above average for companies of similar size in the US market ($USD667.78K).
Compensation vs Earnings: Charles's compensation has increased whilst the company is unprofitable.
CEO
Charles Fernandez (61 yo)
1.9yrs
Tenure
US$1,655,412
Compensation
Mr. Charles M. Fernandez, also known as Charlie, serves as Chairman of Progressive Care, Inc. since September 13, 2022 and serves as its Chief Executive Officer from November 11, 2022. He served as Portfol...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 1.9yrs | US$1.66m | 7.52% $ 1.0m | |
| Chief Financial Officer | 4.3yrs | US$208.02k | 0.078% $ 10.6k | |
| Chief Operating Officer | 1.4yrs | US$190.65k | 0.055% $ 7.4k | |
| Vice President of Accounting & Finance | 1.8yrs | no data | no data | |
| Head of Digital Transformation | no data | no data | no data | |
| Controller | no data | no data | no data |
1.8yrs
Average Tenure
Experienced Management: RXMD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 2.1yrs | US$1.66m | 7.52% $ 1.0m | |
| Independent Vice Chairman | 2.1yrs | US$1.42m | 6.72% $ 906.3k | |
| Independent Director | 7.2yrs | US$110.40k | 0.91% $ 122.3k | |
| Independent Director | 2.8yrs | US$109.40k | 0.99% $ 133.0k | |
| Independent Director | 2yrs | US$109.40k | 0.73% $ 98.5k | |
| Independent Director | 1.3yrs | US$53.00k | 0.14% $ 18.8k | |
| Independent Director | 1.3yrs | US$53.00k | 0.14% $ 18.8k |
2.1yrs
Average Tenure
55yo
Average Age
Experienced Board: RXMD's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.